Axcelis Technologies, Inc. (ACLS) Stake Lessened by GSA Capital Partners LLP
GSA Capital Partners LLP cut its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 5.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,765 shares of the semiconductor company’s stock after selling 4,495 shares during the period. GSA Capital Partners LLP owned about 0.27% of Axcelis Technologies worth $1,692,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Peregrine Capital Management LLC lifted its stake in Axcelis Technologies by 405.6% in the second quarter. Peregrine Capital Management LLC now owns 572,856 shares of the semiconductor company’s stock valued at $12,001,000 after purchasing an additional 459,560 shares during the last quarter. Bank of Montreal Can lifted its stake in Axcelis Technologies by 106,193.5% in the second quarter. Bank of Montreal Can now owns 329,510 shares of the semiconductor company’s stock valued at $6,902,000 after purchasing an additional 329,200 shares during the last quarter. Donald Smith & CO. Inc. lifted its stake in Axcelis Technologies by 6.9% in the first quarter. Donald Smith & CO. Inc. now owns 2,996,651 shares of the semiconductor company’s stock valued at $56,337,000 after purchasing an additional 192,111 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Axcelis Technologies by 10.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,766,009 shares of the semiconductor company’s stock valued at $33,200,000 after purchasing an additional 163,016 shares during the last quarter. Finally, EAM Investors LLC purchased a new position in Axcelis Technologies in the first quarter valued at approximately $2,623,000. 75.34% of the stock is owned by institutional investors.
In related news, CFO Kevin J. Brewer sold 62,348 shares of Axcelis Technologies stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $22.46, for a total transaction of $1,400,336.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP William J. Bintz sold 12,500 shares of Axcelis Technologies stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $22.57, for a total transaction of $282,125.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,641 shares of company stock worth $2,347,514. 5.66% of the stock is owned by corporate insiders.
Several equities analysts recently commented on the company. Zacks Investment Research downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday. Benchmark Co. reiterated a “buy” rating and issued a $28.00 price objective (up previously from $24.00) on shares of Axcelis Technologies in a research note on Friday, September 8th. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. B. Riley reiterated a “buy” rating and issued a $30.00 price objective on shares of Axcelis Technologies in a research note on Wednesday, August 9th. Finally, BidaskClub downgraded Axcelis Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.67.
Shares of Axcelis Technologies, Inc. (NASDAQ ACLS) opened at 24.95 on Friday. The stock has a market cap of $779.01 million, a P/E ratio of 26.77 and a beta of 1.08. Axcelis Technologies, Inc. has a 52-week low of $11.05 and a 52-week high of $26.53. The firm’s 50 day moving average price is $21.22 and its 200 day moving average price is $20.60.
Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). The business had revenue of $102.80 million for the quarter, compared to analysts’ expectations of $100.07 million. Axcelis Technologies had a return on equity of 12.52% and a net margin of 9.10%. The company’s revenue was up 59.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS. On average, analysts expect that Axcelis Technologies, Inc. will post $1.26 EPS for the current year.
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Axcelis Technologies Profile
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.
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